SHANTI EDU INITIATIVES L

Operates an education services business that generated consolidated revenue of Rs 55.58 crore in FY26, with net profit of Rs 5.95 crore and an EBITDA margin of 18.04%. The standalone education business had a turnover of Rs 26.32 crore and is being transferred via slump sale into a wholly-owned subsidiary, Shanti Learning Initiatives Pvt Ltd, for Rs 94.15 crore paid in 9.41 crore equity shares rather than cash. Beyond education services, the group includes Uniformverse Private Limited, a school uniforms subsidiary that availed a Rs 59.10 million loan facility from ICICI Bank, with the parent issuing a Letter of Comfort in its favour. Employee costs are the largest expense line at 24.4% of revenue, followed by other operating expenses at 29.2% and materials at 14.3%. The Chiripal family promoter group collectively holds around 43% of equity, with members recently formalising their joint control through an inter-se voting agreement. A pending Composite Scheme of Arrangement would, after the education slump sale, merge the residual listed entity into Grew Energy Pvt Ltd, a solar PV module and cell manufacturer with 6.5 GW of module capacity and stated plans to scale to 11 GW.